Crazy Real Estate in Canada: Family Homes Edition

By Remitbee - May 16, 2022

Canada is one of the best countries in the world to live in. The country embraces multiculturalism and immigrants. It is one of the safest countries in the world, it is known for being one of the best countries for education, and residents enjoy universal healthcare—did we mention spectacular vacation spots? Yes, this country has all you need to live a high quality of life. However, living here is not always rainbows and butterflies. At times, Canada’s quality of life comes at a hefty price tag, especially if you want to purchase your next family home in this country.

If you plan to immigrate to Canada and purchase your next home, expect that family homes here can be expensive. Data shows that in the last quarter of 2020, the price of detached single-family homes in Canada cost around $699,500. But that price varies depending on where you want to buy a house in Canada. For example, in Saint John, the average price of homes is around $229,700, which is about three times more affordable than the average in Canada. On the other hand, if you want to purchase a family home in Toronto or Vancouver, the average price of homes here is around $1,204,000 and $1,524,300, respectively.

In this article, you will see some of the insanely priced family homes in Canada despite being one of the modest houses currently available on the market.

A four-bedroom bungalow house

Address: 13 HURON Avenue, Grand Bend, Ontario N0M1T0

With many possibilities for redevelopment near Grand Ben’s beach and the main strip
This seafoam green modest house sits a few steps from Grand Bend’s famous beach and strip. Built-in 1925, this home has witnessed the development of Grand Ben’s in terms of infrastructure. Despite its simplicity, what makes this property ideal is its location since it is within walking distance of the beach. You can do plenty of things with this home to make it more suitable for your family. You could build more floors on top of it or create a single-family cottage. The current owners already had plans drawn to build a brand new three-storey property in this home that offers a view of the lake. They may provide you with these plans after your offer is accepted.

If that sounds amazing to your ears, you may purchase this property for $789,000! But wait, that is just for the property. If you want to renovate it or construct a new property over it, you will spend a whole lot more.

A cozy, newly built two-storey family house in Quebec

Address: 855 Av. Du Cheval-Blanc Gatineau, Quebec J8R3P6

Built-in 2022, this charming 432 square meter, five-bedroom home is ideal for big families who want to reside in Canada. It has a loft where two of the bedrooms are located. Its master's bedroom has a walk-in closet and adjoining bathroom. It also has a large family bedroom in the basement and a fenced and landscaped yard with a spa. While the average price of homes in Quebec in 2021 is 459,955, this home costs $555,000.

A 2+1-bedroom home that comes in a small package

Address: 310 John Street, Mt. Forest, Ontario

If you love great things coming in small packages, you will love this 870-square meter bungalow with an in-law suite. Built-in 2020, this home features clever design solutions for small spaces without compromising comfort and practicality. It has two bedrooms, a four-piece bath, and an in-law suite bedroom with in-floor heating and a separate walk-up entrance. If you have a four-legged companion who will live with you, this home has a partially fenced yard with a deck and enough space for your pet to play around. If you are interested in buying this home, make sure you have $699,000.

An 1870-built house in Ontario that has seen better days

Address: 18 George Street, Centre Wellington, Ontario

This 1,303-square-meter house with three bedrooms and one bathroom seriously needs an upgrade. It has generously spaced living spaces and an expansive outdoor area where you can park your vehicles or cultivate into a garden or any outdoor amenity you want to include in your home. Though the house is intact, you. May want to renovate it to make it more visually appealing, warm, and homey. If you are interested in buying this property in Ontario, prepare a budget of $679,000. However, you will undoubtedly spend more on renovating and other home upgrades this property needs. With hard work, money, and patience, this property can tick all the boxes of what you are looking for in your Canada dream home.

May these four crazily priced family homes in Canada make you see how the prices of real estate properties here --at times--can be a little hard to swallow. However, if you want to discover a crazily good thing, here it is: when you want to send money from Canada to anywhere in the world without paying any transfer fee, send at least $500 in one transaction with RemitBee! We will waive your transfer fee and ensure that you get the best currency exchange so that you get the best out of your money.

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